"Who Can I Insure?"

Main Driver Scenarios:

1. If the Main Driver is Both the Registered Keeper and Owner of the Vehicle:
• Is the Proposer Registered Keeper: Yes (Y)
• Who is the Owner of the Vehicle: Proposer (P)

2. For a Company Vehicle Registered under a Personal Name:
• This is possible if the main policy holder is a Sole Director of the company. In this case, the director has an 'insurable interest' (they are essentially the company).
• Is the Proposer Registered Keeper: Yes (Y)
• Who is the Owner of the Vehicle: Company (C)
• Note: If there is more than one director, the policy can still be written, but it must be referred to the underwriter and noted (p37 on CDL) if accepted.

3. For Lease Vehicles (in the Policy Holder's Name) see lease ownership guide at the bottom of this article.
• Is the Proposer Registered Keeper: Yes (Y)
• Who is the Owner of the Vehicle: Lease (L)

4. Exception: Spouse-Owned Vehicles:
• If the spouse owns the vehicle and isn't the main Policy Holder (PH), the vehicle can be insured as:
• Is the Proposer Registered Keeper: No (N)
• Who is the Owner of the Vehicle: Spouse (S)

Age-Specific Policies (Any Driver Policies - Over 25 or 30):

• These policies allow anyone to drive who is over the age of either 25 or 30, depending on what is selected.

• On CDL: To select these policies, type 25 or 30 on p5 of CDL.

• Eligibility Requirements for Drivers:
• Must have held a license for two years
• Must have no claims and no convictions
• Must be over the age limit of the selected policy

• Exception for Ineligible Drivers:
• Any driver who does not meet this criteria (has a claim or conviction, or is under the age limit) can be added as a named driver, with the correct information added.

Company Policies:

• If the policy is in the company's name, at least one director must be listed as a Named Driver (ND), even if it’s a 25/30 policy.

• Important: No claims bonus cannot be transferred from personal policies to company policies.

Lease Ownership Guide

Overview

Always establish who owns the vehicle and if it is leased.If the vehicle is leased, ensure the name on the lease agreement aligns with the risk being quoted.Understand the different implications of the lease being in the name of a spouse, company, or other entity, and act accordingly (e.g., referral or decline).Maintain accurate and clear records of the ownership and lease details for proper risk assessment and compliance.

Step 1: Verify the Name on the Lease

• Ask the question: "Whose name is the lease in?"

• Ensure the lease agreement matches the risk you are quoting.

Step 2: Categorise According to Lease Holder

• Ask the question: "Whose name is the lease in? Spouse, company, or other?"

Spouse:

• If the lease is in a spouse's name, note that this is generally acceptable to quote with most insurers.

Company:

• If the lease is in a company's name, inform the client that only the director can insure the vehicle in their personal name.

• Note: Some underwriters may need this to be referred for further assessment.

Other:

• If the lease is in another entity’s name (not spouse or company), this is usually a decline due to lack of insurable interest.

• If there is a specialist reason that might warrant an exception, refer it to a higher authority or specialist underwriter.